El Salvador reportedly weighing paying employees in Bitcoin
A 2001 law on monetary integration in the country states that salaries and fees may only be paid in colónes or dollars. Go to Source Powered by WPeMatico
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Latin American telecom company accepts crypto payments through BitPay
GoldConnect will be able to process crypto transactions made in Bitcoin, Ether and other digital assets through its new LatamConnect platform. Go to Source Powered by WPeMatico
Former PayPal employees launch decentralized cross-border payment network on Algorand
“Fueling cross-border transactions with regulated stablecoins to represent fiat on-chain has never been done before,” said Borderless Capital CEO David Garcia. Go to Source Powered by WPeMatico
Remittance firms hesitant to support BTC despite legal tender law in El Salvador
Remittance firms operating in El Salvador appear reluctant to support Bitcoin despite the country’s new law mandating the crypto asset as legal tender. Go to Source Powered by WPeMatico
Pensioners Pay Scottish Roofing Company in Cryptocurrency
With bitcoin’s popularity rising, a growing number of businesses in Scotland have been introducing cryptocurrency payments. A roofing company from Glasgow now says more and more of its customers, including pensioners, are willing to pay with crypto. ASAP Roofing Accepts Cryptocurrency for Its Services Kaeleb Mckay, who runs a roofing company with his father, Cameron, … Read more
Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector
The central banks of Switzerland and France are joining hands with the Bank for International Settlements to test wholesale central bank digital currencies in cross-border transactions. The experiment will be conducted with the help of a private sector consortium led by Accenture. European Central Banks to Collaborate on CBDC Project The Swiss National Bank (SNB), … Read more
Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials
Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital yuan to its domestic payments system to evaluate the CBDC’s usability in cross-border scenarios. Hong Kong Residents to Load E-CNY Wallets via Mobile Phones China … Read more
Crypto Payments App Bottlepay Is Now Available Across Europe
U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive even small amounts of euro and also buy, store and spend bitcoin with merchants accepting cryptocurrency. Bottlepay Promises Low-Cost Transactions in Euro and Bitcoin The Bottlepay app will allow Europeans … Read more
Kalashnikov Eyes Digital Ruble Settlements as Russia Aims to Replace ‘Dirty Money’
Kalashnikov Group, the Russian firearms manufacturer, is ready to transition to settlements in digital currency. The announcement came from the international economic forum in Saint Petersburg where the central bank of Russia reaffirmed its intention to replace “dirty” and “infectious” paper cash with the digital ruble that’s currently under development. Russia’s Kalashnikov Concern Looks Forward … Read more
European Union to Release Digital Wallet for Payments Next Year
The European Union (EU) will launch a digital wallet allowing citizens of any country in the bloc to make payments and access services provided by each state, also allowing for the storage of digital ID information. The wallet, which will reportedly be launched next year, could be tied in with the digital euro project, a … Read more